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Steve Co. plans to sell 91,000 units of product #101 in the month of May. Each unit of product # 101 requires three pounds of
| Steve Co. plans to sell | 91,000 | units of product #101 in the month of May. | |||||||
| Each unit of product # 101 requires three pounds of Raw Material (RM #10). | |||||||||
| The budget records of Steve Co. indicates the following budgeted inventory for product # 101 and RM#10. | |||||||||
| Product # 101 | RM #10 | ||||||||
| Desired inventory for May 1 | 11,600 | units | 29,600 | units | |||||
| Desired inventory for May 31 | 17,600 | units | 20,600 | units | |||||
| Budgeted quantity of RM#10 required for the production of each unit of Product #101 = | 3 | pounds | |||||||
| How many pounds of RM#10 need to be purchased in the month of May? | |||||||||
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